Blue Pearl Buffet — Sale in Springfield, VA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Springfield, VA 22150

Photos

Blue Pearl Buffet — Sale in Springfield, VA, photo 1 of 2
Blue Pearl Buffet — Sale in Springfield, VA, photo 2 of 2

Investment Figures

Cap rate
6.43%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Irreplaceable ±0.93-Acre Pad in a Supply-Constrained Corridor – The Property offers a rare opportunity to acquire approximately 0.93 acres with an 8,631-square-foot freestanding building situated directly in front of an ALDI-anchored shopping center and across the street from a LIDL-anchored center in one of Springfield, Virginia's premier retail corridors. In-Place Income with Redevelopment Potential – The Property is currently occupied by Blue Pearl Buffet, a proven restaurant that has operated at the site since 2003. Prior to that, it was also a successful restaurant, Dragon Sea Buffet. The existing tenant is subject to a five-year lease running through December 31, 2029 with 3% annual escalations, with one five-year renewal option. The lease has a personal guaranty. Should the tenant renew its option, the owner can reset the below-market rent to prevailing market rate via Fair Market Value (FMV) language with continued 3% annual increases, creating meaningful upside. Flexible C-8 Zoning – With favorable C-8 commercial zoning and a large, well-configured lot offering 59 parking spaces (6.71 per 1,000 SF), the site could accommodate a wide range of higher-and-better uses. C-8 zoning allows various uses, including but not limited to general retail, restaurant, quick-service/drive-thru, bank, day care facility, hotel/motel, public service, religious facility, educational/school, recreation, funeral home, or other retail redevelopment. It is ideal for an owner-user or developer that can capture near-term income from the in-place restaurant while securing entitlements and permits. Dominant Retail Synergy & National Co-Tenancy – The immediate trade area is anchored by an exceptional concentration of national credit retailers, including Whole Foods, ALDI, Lidl, Giant, Trader Joe's, Starbucks, Paris Baguette, Truist, Capital One, Wells Fargo and more, all within one-mile. The corridor is further reinforced by strong hospitality demand within the immediate area from Towne

Market Context

This food service in Springfield, VA is listed for sale. It is offered at an approximate 6.4% capitalization rate, a key benchmark for income-producing food service assets. Compare it against other food service listings for sale in Springfield, VA — view the full market.

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